Medical debt refers to debt incurred by individuals due to health care costs and related expenses. Medical debt is different from other forms of debt, because it is usually incurred accidentally or faultlessly. Source – Wikipedia
Q: I have an outstanding medical bill from 2/2009 (DOS) for $92.00. I had a debt collector call me today. I am wondering if this medical bill is past the statue of limitations. I live in Florida. A: Thanks for reaching out ...
Your credit report and credit score remain important as you approach preretirement or retirement. Whether you cosign for a child's or grandchild's loan, tap your home equity to buy a vacation home, or simply finance the purchase of a new ...
For some people, good health insurance coverage can offset some, if not all, of their health care costs. But if you find that you can’t afford to pay your deductible – or if you don’t have any insurance coverage at ...
A reader of AskTheMoneyCoach.com wanted to know how long a medical debt stays on their credit report, and what happens if they make an agreement to start paying it again. This is what the person asked: Q: Is it true ...
Q:My credit score was ruined. My credit score was 710. I missed a couple of payments on a credit card and this put a black mark on my once flawless credit report. My score dropped to 635 and is affecting ...
Q. Does medical debt affect you (or your credit score) as much as credit card debt? A. No, medical debt doesn’t affect your credit rating as much as credit card debt. In fact, medical bills do not adversely impact your ...
Question: Can I remove a medical collections from our credit report? It has been paid and it is our account. I didn't know that it had been reported. I did call the collection agency and was told by law it ...
It will take multiple steps to help you eliminate your medical debt. Here are six strategies you can use to knock down those hospital bills and improve your credit rating. Examine Everything Start by going over all your medical bills ...
Q: I Have a Property About to Be Put on Sale for Tax Delinquency in Florida. I Have Medical Debt Due to a Spinal Injury and Was Diagnosed Disabled by the Government Rehab Serv Admin. I am Going to School ...
This is, unfortunately, a bad case of identity theft. You need to protect yourself and your son in a number of ways, starting by pulling your most recent credit reports, examining them for any other accounts that you may not ...
Q: I Have Over $5,000 Worth of Delinquent Hospital Bills on My Credit Reports. How Can I Get This Debt Down? A: It will take multiple steps to help you eliminate your medical debt. But here are six strategies you ...
Q: I want to file for bankruptcy this year. Should I pay off the small bills that I can afford to pay before I file bankruptcy? A: Filing for bankruptcy will not help you “repair” your credit. It will only ...
Q: Can I Be Held Responsible for Medical Bills My Ex-Spouse Generated? She Was Covered on My Insurance Plan. We Just Signed Divorce Papers. A: With medical collection activity on the rise, it is definitely possible that a hospital, clinic ...
One of my newsletter subscribers had a question about how to best dispute a medical debt. She found out that a collection account for $1,879 appears on her Equifax credit report, based on a $2,000 surgery she had back in ...
A Facebook fan who has a medical bill that got overlooked after she lost her job was contacted by a debt collection agency who said they have added $150 to the bill as processing fee. She wanted to know if ...